SEOUL, Jan. 15 (Korea Bizwire) – General Motors Co. said Monday it has allotted 5,000 Chevrolet Bolt electric vehicles for South Korean consumers this year as the company moves to take the lead in the local electric car market. The upgraded Chevrolet Bolt EV can travel 383 kilometers on one charge of a 60 kilowatt-per-hour [...]
SEOUL, Dec. 1 (Korea Bizwire) – The first face-to-face between GM Korea’s labor union and management to negotiate wages since July wrapped up after only half an hour, as both sides used the meeting to hear the other’s key demands. Both GM Korea and other auto industry sources confirmed that on November 30, discussions over [...]
SEOUL, Nov. 30 (Korea Bizwire) – GM Korea Co. chief Kaher Kazem vowed Thursday to make every effort to turn the company around, saying its losses over the past two years are not acceptable. In a meeting with Seoul-based journalists, GM Korea Chief Executive Kaher Kazem said the carmaker posted a whopping 2 trillion won (US$1.8 billion) in total losses for the three years through 2016. Kazem [...]
SEOUL, Nov. 10 (Korea Bizwire) – The South Korean government will have another issue to discuss in the next round of FTA negotiations with the United States after a recall of imported Chevrolet Impalas has been delayed in adherence to a clause in the trade pact. The clause in question stipulates that a business can [...]
SEOUL, Nov. 9 (Korea Bizwire) — Despite massive recalls of Takata airbags that have been labeled as ‘dangerous’ in other countries, a number of foreign automobile manufacturers are refusing the South Korean government’s request to follow suit. According to the Ministry of Land, Infrastructure and Transport on Tuesday, 14 out of 17 car manufacturers in South [...]
SEOUL, Nov. 6 (Korea Bizwire) — A lack of new models this year is adversely affecting car sales by GM Korea Co. and Renault Samsung Motors Co. in the South Korean market, industry observers said Sunday. The drop in demand is making it unlikely that the two carmakers will meet their respective sales targets for [...]
SEOUL, Oct. 25 (Korea Bizwire) – Automakers Renault Samsung and GM Korea found themselves on opposite ends of the spectrum in a listing of manufacturing plants with the highest productivity, per the ’2016 Harbour Report’, derived by utilizing HPU figures (Hours Per Unit) provided by global consulting firm Oliver Wyman. Renault Samsung’s Busan-based manufacturing plant [...]
SEOUL, Oct. 12 (Korea Bizwire) – GM Korea Co.’s net losses are set to deepen this year as its domestic sales have fallen sharply due to a lack of new models and lack of progress in labor-management talks over wages, industry sources said Thursday. The South Korean unit of General Motors Co. posted hefty net [...]
SEOUL, Sept. 14 (Korea Bizwire) – As speculation continues to grow over the possible withdrawal of General Motors from South Korea, attempts to come to an agreement on wages abruptly ended with little to no progress on Wednesday, putting the company’s future into uncharted waters. The 19th wage bargaining talks between GM Korea’s management and the [...]
SEOUL, Sept. 7 (Korea Bizwire) — GM Korea President Kaher Kazem addressed concerns regarding a possible pullout from South Korea at the company’s headquarters in the Bupyeong District of Incheon on September 6. As part of the face-to-face with the media, reporters were given access to the normally off-limits Design Center where they got a [...]